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White Mountains Insurance Group WTM WTM Partners — Short-term investments, at fair value

Other segment segments

Asset Management (Kudu)
$114.4M+170%
Specialty Insurance Distribution (Distinguished)
$79.4M

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Other financials

Income statement

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Revenue$844.6M+22.5%
Gross profit$764.5M+18.2%
Net income$199.5M+62.3%

Balance sheet

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Total debt$932.5M+34.2%
Total equity$5.4B+16.0%
Total assets$13.8B+16.4%

Cash flow

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Operating cash flow-$55.5M-131%

Valuation

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Market cap$5.23B+14.0%
P/E4.7×
P/S1.4×-0.5×

Profitability

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Gross margin94.1%-3.2pp
Net margin29.3%

Returns & leverage

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Return on equity22.4%
Debt / equity0.2×0.0×

Where this comes from

Reported directly by White Mountains Insurance Group in its filing.

Tagged under the XBRL concept us-gaap:OtherShortTermInvestments.

The source filing: White Mountains Insurance Group’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 8:50 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053932
Millions, except share and per share amountsJune 30, 2026December 31, 2025
Other assets26.415.3
Total Specialty Insurance Distribution assets744.8735.4
Services, Industrial and Consumer (WTM Partners)
Short-term investments, at fair value.6.5
Total investments.6.5
Cash6.14.4
Accounts receivable78.839.5
Contract assets36.317.8

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's WTM partners — short-term investments, at fair value?
White Mountains Insurance Group (WTM) reported WTM partners — short-term investments, at fair value of $600K in Q2 2026.
What does WTM partners — short-term investments, at fair value mean?
Represents the fair market value of highly liquid financial instruments held by the WTM Partners segment with maturities typically under one year. This metric reflects the segment's strategy for maintaining liquidity while seeking short-term returns on excess capital. It serves as a key indicator of the segment's immediate financial flexibility and risk management approach.

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